DES MOINES, IA (August 7, 2013) -- Three credit unions have named The Members Group (TMG) as their new credit card processing partner.
Joining TMG’s client roster are Xceed Financial Credit Union in El Segundo, Calif., and Canton School Employees (CSE) Federal Credit Union in Canton, Ohio. Also, FORUM Credit Union in Indianapolis, Ind., has announced the re-launch of its credit card program this year and has engaged TMG to assist in that effort.
TMG’s new clients expressed interest in TMG’s new Catalyst product, a consumer intelligence solution designed to help financial institutions (FIs) adjust to the changing behaviors of today’s credit card consumers. Developed in conjunction with TMG’s strategic partner IQR Consulting, Catalyst leverages an FI’s own credit card portfolio data to help company leaders better understand their cardholders on an individual level. The Catalyst reports allow an FI’s management team to quickly assess their portfolio’s health, and with the help of TMG and IQR data analytics experts, gain better insights on the actions leading to greater portfolio profitability.
“With TMG as our new credit card processing provider, we have the opportunity to transform our current credit card offerings into a comprehensive product lineup that will excite our members and truly meet their needs,” said Nicole Valentin-Smith, senior vice president of retail and lending for Xceed Financial Credit Union. “We’re confident that this strategic partnership with TMG will have a positive impact on our member satisfaction level, and ultimately, the growth of our credit card portfolio.”
About TMG
The Members Group (TMG) is dedicated to creating customized, technology-driven card processing and payment solutions for credit unions and community-based financial institutions across North America. Innovations in fraud management, loyalty programs, alternative payment systems and analytic reporting, and the competitive advantages they create, have helped TMG forge a new standard in offering cutting-edge credit, debit, ATM, prepaid card products and a P2P payment solution. For more information, visit www.themembersgroup.com.